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OpenAI Cuts Funding Target As Investors Lose AI Appetite

Published: Nov 1, 2026, 4:00 AM

Read Time: 1 min

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OpenAI Cuts Funding Target As Investors Lose AI Appetite

OpenAI is cutting its latest fundraising target, according to multiple reports, as investors grow wary of backing artificial intelligence. That comes as rival Anthropic prepares to go public and with Meta Platforms, Google-parent Alphabet, Microsoft and other titans tapping bond and equity markets to finance their own AI needs. The AI startup behind ChatGPT now aims to raise $20 billion…